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Monetary or non monetary method |
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Monetary or non monetary methodUnder this translation method, monetary items (e.g. cash, accounts payable and receivable, and long-term debt) are translated at the current rate while non-monetary items (e.g. inventory, fixed assets, and long-term investments) are translated at historical rates.Monetary or non monetary method Similar MatchesEuropean Monetary AgreementEuropean Monetary AgreementAn intergovernmental organization administered by the OECD that facilitated settlement of balance of payments accounts among its member states from 1958 to 1972. It replaced the EPU, and its functions were taken over by the IMF in 1972. European Monetary System (EMS)European Monetary System (EMS)A system adopted by European Community members with the aim of promoting stability by limiting exchange-rate fluctuations. The system was originated in 1979 by the nine members of the European Community (EC). The EMS comprised three principal elements: the European Currency Unit (ECU), the monetary unit used in EC transactions; the Exchange Rate Mechanism, ERM, whereby those member states taking part agreed to maintain currency fluctuations within certain agreed limits; and the European Monetary Cooperation Fund, which issues the ECU and oversees the ERM. The 1992 Maastricht Treaty provided for the move to Economic and Monetary Union (EMU) , including a European Monetary Institute to coordinate the economic and monetary policy of the EU, a European Central Bank (ECB) to govern these policies, and the presentation of a single European currency. Monetary assets and liabilitiesMonetary assets and liabilitiesAssets and liabilities with contractual payoffs. Monetary policyMonetary policyThe control of the money supply and interest rates by a government in order to achieve its economic objectives, in particular the restraining of inflation. Monetary baseMonetary baseUsually, the currency and central bank deposits that together provide the base for the money supply under fractional reserve banking. Also defined as the central bank assets the acquisition of which creates this monetary base by injecting domestic money into the economy. The latter definition usually includes international reserves and domestic credit. By either definition, the monetary base changes as a result of open market operations and exchange market intervention. Further SuggestionsInternational monetary economicsMonetary policy International monetary system Depository Institutions Deregulation and Monetary Control Act International Monetary Fund Net monetary assets European Monetary System International Monetary Fund (IMF) Monetary approach Monetary gold European Monetary System Nonmonetary assets and liabilities Singapore International Monetary Exchange (SIMEX) Monetary indicators Monetary policy Economic and Monetary Union Accommodative monetary policy |
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